Member Info for meldrew44

If it helps, on the 12th July 2021, Lombard Odier Asset Management (Europe) Ltd sold 150.0k AVO shares. I haven't found any information about any institution selling AVO shares since then,

Happy new year Parky.
We can always hope for a new beginning.

Anyone else experience the heady days before the reverse split on 1st July 2016, in the days when AVO were confidently predicting the first patient being treated during 2018. The shares were trading at around the equivalent of about £5 per share now. Some people bet their pensions on the honesty of the BoD. I didn't. I managed to get out with my shirt still on my back.
It's been a long hard downward path since then, with several promises of completion of LIGHT not met and supposedly firm contracts lost. AVO even faced legal action from their Chinese agent, Sinophi, for reneging on their promises to deliver complete LIGHT to Chinese Hospitals and had to repay money that had been given to AVO by Sinophi.

OK. That attempt to leave a message failed. I'll try again.

Based on my long experience of Avo not meeting targets and the current move of the latest target for treating the first patient from the end of 2022 to the end of 2023, I would not be surprised if the 2023 target is not met either.

Given AVO's long history of not meeting targets and the current moving of the latest target for treating the shifting of the

Hi Wallace 4,

I was just trying to make a joke response. I'm old - just a bit younger than you - and not very good at jokes. I agree with you about the ads but even with them, this is a useful comments site.

OK. I'll use another site

Quite apart from what LIGHT is and its respectable provenance, AVO has a solid raft of high profile institutional and private investors with major shareholdings that they mostly seem to have clung onto and sometimes increased and none of AVO's directors seem to have sold any of their shares since Sinclair sold 7 million of his in 2015 for a bit over £500,000.
It's just a pity that AVO is constantly failing to meet its forecasts for completion and is forever burning through stacks of cash

Bimini. My long experience of AVO tells me that nothing that is under the BoD's control can be taken for granted, regardless of what, if any, answers that might be given to your questions.
What I am reasonably sure about, given the loyalty that the longer serving BoDs/major shareholders have demonstrated in never selling any of their shareholdings, is that they might be reluctant to accept a takeover bid except at a very large premium to the current sp. Unless they come up with a plan that guarantees them a profit but leaves the rest of us stranded. I'm not sure what that might be.

No champaign for me yet

Based on my (faulty) recollection of the prices the BoD bought many of their shares at. I think that the BoD might look for a hefty premium on any takeover price, otherwise they could stand to lose £millions of their own money.

It reminds me of 2016 when AVO kept assuring us that LIGHT was almost fully developed and on track to be complete within a couple of months. They had about seven contracts with Chinese hospitals that AVO was committed to supplying within a year or so and an agreement with a French company Thales for the construction of LIGHT to fulfil those contracts. David Cameron attended a grand, widely publicised, contract signing ceremony in China.

Then there was several months of total silence until their promised deadline was passed and they announced a brand new development schedule that put the completion of LIGHT sometime in the future. All the Chinese contracts, construction agreements and previous development schedule vanished as if they'd never been and AVO never mentioned them again.

iWantThatOne. If you accept that AVO's original forecast was by the end of Summer then an extra six months does take us into Spring 2023 and, given the BoD's historical unreliability, possibly later.

Vanilla, At their last presentation, AVO said that Covid had delayed their plans by around 6 months. So I wouldn't get your hopes up about anything much happening before next Spring.

I agree Hopester. I've been following AVO for about 10 years. I've got very little trust in the Bod so take everything they say with a large pinch of salt. If I felt charitable, I might say that their unprofessionalism and lack of presentation skills might be down to the fact that they're scientists, not business people. Feel free to disagree.

It's only the LIGHT technology that keeps me interested, otherwise I'd steer well clear of them.

Follow this link: https://ukinvestormagazine.co.uk/advanced-oncotherapy-investor-presentation-july-2022/
In it AVO are stating that they expect the first patient to be treated at Daresbury in early 2023. They say that Covid related problems have delayed their progress by about 6 months.

Cheers Max. I hope things will soon change for the better. The events of six years ago were traumatic and some shareholders lost a lot of their hard earned cash. I was lucky to get out when I did. I've dipped my toe in a few times since but I could never commit myself for the long term. I found better homes for my cash. If I do buy back in it will be after LIGHT is up and running and AVO have proved themselves as a viable business.

It reminds me of the good old days about six years ago when AVO shares were trading at about £6 and LIGHT was just a few months away from completion and AVO was raising money through regular placements of new shares, diluting like crazy and announcing whole rafts of new contracts to install LIGHT in multiple Chinese hospitals within a year. They even trotted David Cameron out at a grand contract signing ceremony in China when he was PM.
It all came to nothing and AVO was even sued for breach of contract by Sinophi who were their agents in China at the time.
I'm sure it's different this time. It always is with AVO.
Has anyone here ever actually seen LIGHT in the flesh? Does it actually exist?
I wonder what the story and excuses will be six or so years from now?

I bought a few this morning. My buy is recorded as a sell

I'm glad I've still got a few